As of January 2012, Which of the Following Accounts for the Highest

question 99

Multiple Choice

As of January 2012, which of the following accounts for the highest volume of noncash transactions worldwide?

• A)Checks.
• B)Card payments.
• C)Debit transfers.
• D)E-money payments.
• E)Credit transfers.

---

Definitions:

CCA Class

Capital Cost Allowance Class, a categorization in tax systems for depreciation of tangible property.

Tax Rate

The proportion of income or value of goods taxed by the government, applicable to individuals, corporations, and transactions.

Operating Cash Flow

The cash generated from the normal operating activities of a business, reflecting the amount of cash that a company can produce through its normal business operations.

Capital Cost Allowance

A tax deduction in many tax systems for businesses, allowing them to depreciate the cost of assets over time.